11.10.202203:09 Forex Analysis & Reviews: Technical analysis of USD/JPY

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USD/JPY:

The chart shows the movement of USD/JPY in the 30-minute (M30) chart.

The current scenario in which the inclined solid line is approaching the resistance level of £145.81 and could possible intersect with it forms a divergence area where three movements could develop.

First is a rise towards £145.81, then a reversal to £144.92.

Second is moving to the support level of £145.81, a breakdown, then a rush towards £147.30.

Lastly is a rebound towards £144.92 without reaching £145.81.

Good luck!

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